Measuring global flow of funds: who-to-whom matrix and financial network
Measuring global flow of funds: who-to-whom matrix and financial network
复制标题
衡量全球资金流动：谁对谁矩阵和金融网络
DOI：
10.1007/s42081-022-00175-x
复制
发表时间：
2022
影响因子：
1.3
通讯作者：
Nan Zhang
中科院分区：
文献类型：
--
作者：
Nan Zhang and Li Zhu;Nan Zhang
这项研究改进了全球资金流动统计数据，以衡量国家和跨境部门层面的全球金融稳定性。在调查数据来源和重建统计框架，建立G20国家GFF统计矩阵的基础上，对G20国家的金融风险和影响进行了评估。然后，我们将GFF矩阵与部门账户数据和资金流相连接，以建立部门从谁到谁的金融存量矩阵（FFSM）。FFSM聚焦于中国、日本和美国行业的交易对手国内和跨境风险敞口，构建国别金融网络，并基于跨境风险敞口将各个国家层面的网络连接起来。分析结果系统地展示了G20国家在GFF中的金融关系，中国、日本和美国的海外投资特征，外部冲击和内部影响。
This study improves upon global flow of funds (GFF) statistics to measure global financial stability at the national and cross-border sectoral levels. After investigating the data sources and rebuilding the statistical framework to establish the GFF statistical matrix of G20 countries, we evaluate their financial risks and influences. We then connect the GFF matrix with the sectoral account data and the flow of funds to establish the sectoral from-whom-to-whom financial stock matrix (FFSM). The FFSM focuses on counterparty national and cross-border exposures of the sectors in China, Japan, and the United States to construct country-specific financial networks and connect each country-level network based on cross-border exposures. The analytical results systematically show the financial relationships among G20 countries in the GFF, the characteristics of overseas investment among China, Japan, and the United States, and external shocks and internal influences.